Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
ECB - Big Week coming up
Old 07-29-2012, 03:50 PM   #1
Thinks s/he gets paid by the post
imoldernu's Avatar
 
Join Date: Jul 2012
Location: Peru
Posts: 4,616
ECB - Big Week coming up

http://www.nytimes.com/2012/07/30/bu...eeting.html?hp
Thursday, Aug 2nd, Mario Draghi is set to announce the strategy to save the Euro, and perhaps the world financial balance.

More here:

charles hugh smith-Bernanke and Draghi Are Dangerous

The last paragraph:
Quote:
Let's enjoy the central-bank inspired market rally while it lasts. It comes at an unbearable cost that will have to be paid some day, and perhaps not as far in the future as the worshippers of the Federal Reserve believe.
The past week was up... Charles Hugh Smith has been looking for the big downturn, led by the Euromarket. Every tipping point has been offset by another kick of the can, and electronic trading has helped create the upsy downsy charts. Topped by "the dome".

http://www.oftwominds.com/blogjuly12...e-top7-12.html

Not a time for the faint of heart.
__________________

__________________
imoldernu is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-29-2012, 03:57 PM   #2
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,445
The faint of heart can always find something to be fearful of and can count on any number of commentators to tell them exactly why crisis is imminent.
__________________

__________________
MichaelB is offline   Reply With Quote
Old 07-29-2012, 04:06 PM   #3
Thinks s/he gets paid by the post
imoldernu's Avatar
 
Join Date: Jul 2012
Location: Peru
Posts: 4,616
Michael... you're quick on the uptake.

Was about to add this follow up by Ty Durden.
Biggest EPS Miss Since Lehman, And This Time It's Not The Tsunami's Fault | ZeroHedge

Quote:
Yes, we know it doesn't matter because Ben & Mario have got our backs at whatever multiple is required to levitate the economy market, but as Citi's credit desk points out; despite the constant chatter about EPS beats (despite top-line misses), the trick is that analysts have been dragging down expectations since the earnings-cycle began and so judging 'misses' must be done against a 'frozen' pre-earnings number. If we do this 'fair' approach to considering expectations, the percentage miss in the S&P 500's EPS for Q2 2012 is as bad as the Q2/Q3 2011 Tsunami-driven miss - and the worst we have seen since Lehman Brothers shuffled off this mortal coil. So as usual, be careful what truth you believe and consider just how much more 'hope' is now in this market given this reality.
Based on the past 9 months... this would be another "wolf" call...
Dunno... right now, am happy to be out of the market. Most of my friends are pretty happy, as their portfolios are almost back to 2008 levels. From August 2008 to May 2009 was not a pleasant period, and Europe wasn't even on the horizon then.

lunesta
__________________
imoldernu is offline   Reply With Quote
Old 07-29-2012, 04:32 PM   #4
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,445
Quote:
Originally Posted by imoldernu View Post
Dunno... right now, am happy to be out of the market. Most of my friends are pretty happy, as their portfolios are almost back to 2008 levels.
So, everyone is happy then? Great!
__________________
MichaelB is offline   Reply With Quote
Old 07-29-2012, 04:39 PM   #5
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Quote:
Originally Posted by imoldernu View Post
Most of my friends are pretty happy, as their portfolios are almost back to 2008 levels.
Gee, what took them so long?
__________________
rescueme is offline   Reply With Quote
Old 07-29-2012, 05:43 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by imoldernu View Post
Michael... you're quick on the uptake.

Was about to add this follow up by Ty Durden.
Biggest EPS Miss Since Lehman, And This Time It's Not The Tsunami's Fault | ZeroHedge


Um, you do know where the name Tyler Durdan came from, right?
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 07-29-2012, 05:52 PM   #7
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,445
Quote:
Originally Posted by brewer12345 View Post
Um, you do know where the name Tyler Durdan came from, right?
Ty to his friends...
__________________
MichaelB is offline   Reply With Quote
Old 07-29-2012, 07:13 PM   #8
Thinks s/he gets paid by the post
imoldernu's Avatar
 
Join Date: Jul 2012
Location: Peru
Posts: 4,616
Quote:
Originally Posted by brewer12345 View Post
Um, you do know where the name Tyler Durdan came from, right?
uh... yeah...
Tyler Durden’s Guide To Personal Finance

Quote:
“We’ve all been raised on television to believe that one day we’d all be millionaires, and movie gods, and rock stars. But we won’t. And we’re slowly learning that fact. And we’re very, very pissed off.”
__________________
imoldernu is offline   Reply With Quote
Old 07-29-2012, 07:25 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Feb 2012
Posts: 1,103
Quote:
Originally Posted by imoldernu View Post
Gotta rent that movie again. Some real gems there!
__________________
H2ODude is offline   Reply With Quote
Old 08-01-2012, 12:59 AM   #10
Thinks s/he gets paid by the post
 
Join Date: Dec 2007
Posts: 4,764
Quote:
Originally Posted by rescueme View Post
Gee, what took them so long?
Wondering the same.
__________________
Notmuchlonger is offline   Reply With Quote
Old 08-01-2012, 08:21 AM   #11
Recycles dryer sheets
 
Join Date: Aug 2011
Location: Atlanta
Posts: 420
Quote:
Originally Posted by imoldernu View Post
Quote:
“We’ve all been raised on television to believe that one day we’d all be millionaires, and movie gods, and rock stars. But we won’t. And we’re slowly learning that fact. And we’re very, very pissed off.”

actually they still live the illusion that money will make them happy while the rich realize that it has nothing to do with being happy so they have to confront
that issue while the poor can blame their problems on money!
I use to watch all of the MTV biographies on Rock stars and it seems over 90 percent of them become drug addicts or alcoholics , so much for being happy

John Stossel did a great show on this subject

__________________
SJ1_ is offline   Reply With Quote
Old 08-02-2012, 08:44 AM   #12
Thinks s/he gets paid by the post
imoldernu's Avatar
 
Join Date: Jul 2012
Location: Peru
Posts: 4,616
Quote:
http://www.nytimes.com/2012/07/30/bu...eeting.html?hp
Thursday, Aug 2nd, Mario Draghi is set to announce the strategy to save the Euro, and perhaps the world financial balance.
So today's the day. Markets , so far , untouched, or higher. Draghi hasn't made statement yet. Financial networks are not pset, but in a state of total confusion. General sense is another kick of the can, 'til either September of November.

A marvelous game of "chicken".
__________________
imoldernu is offline   Reply With Quote
Old 08-02-2012, 08:57 AM   #13
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,445
Quote:
Originally Posted by imoldernu View Post
So today's the day. Markets , so far , untouched, or higher. Draghi hasn't made statement yet. Financial networks are not pset, but in a state of total confusion. General sense is another kick of the can, 'til either September of November.

A marvelous game of "chicken".
What do you expect him to say? Abracadabra, then pull a rabbit from his hat?
__________________
MichaelB is offline   Reply With Quote
Old 08-02-2012, 11:16 AM   #14
Thinks s/he gets paid by the post
imoldernu's Avatar
 
Join Date: Jul 2012
Location: Peru
Posts: 4,616
This may have been his last chance to save the euro.

Would have taken some courage, to pressure the ESFS to buy into sovereigns, just by limiting the first payer option/requirement. The ECB has rules about buying into the primary market, but a consolidated plan would have allowed it to selectively buy in the secondary. No wonder none of the members have any confidence.

Beginning to look as if the market may be reacting to the failure, but then it could just be something that Jennifer Lopez said...
__________________
imoldernu is offline   Reply With Quote
Old 08-02-2012, 11:56 AM   #15
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,445
I like reading Josh Brown's blog The Reformed Broker Not for investment advice, just for the colorful commentary and different perspective of financial markets. His two recent posts regarding the Fed and ECB actions
Strategery. | The Reformed Broker
nothingtown | The Reformed Broker
__________________

__________________
MichaelB is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 04:31 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.